What was the total cash and cash equivalents for Gokhale Method in 2021?

According to Gokhale Method's 2024 Franchise Disclosure Document, the company's total cash and cash equivalents at the end of 2021 were $120,520. This figure represents the amount of readily available funds Gokhale Method had on hand at that time. These funds are crucial for covering immediate expenses, managing unforeseen financial challenges, and investing in growth opportunities.

For a prospective franchisee, understanding the franchisor's cash position is important. A healthy cash balance suggests financial stability and the ability to support franchisees. It indicates that Gokhale Method can meet its own financial obligations and potentially invest in further developing the franchise system.

However, it is essential to consider this figure in the context of Gokhale Method's overall financial health, including its liabilities, revenues, and expenses. A high cash balance alone does not guarantee success, but it can be a positive indicator when evaluating the franchise opportunity.